FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, #TSLA formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 301.78/300.20 whereas the lower border goes across 298.80/300.20. The pattern width is measured on the chart at 298 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 300.20 is broken, the price could continue its move toward 300.35.

The Triple Top pattern has formed on the chart of the #TSLA M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 290.96/298.79 with the upper limit 302.24/302.25; the projection of the width is 1128 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 290.96, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 306.08; the lower boundary is 301.48. The width of the pattern is 477 points. In case of a break of the upper boundary 306.08, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on #TSLA M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 306.08 is broken. The further movements will rely on the width of the current pattern 477 points.

The Bearish pennant pattern has formed on the #TSLA M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 310.12 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Bearish pennant pattern has formed on the #TSLA M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 311.59, a trader will be able to successfully enter the sell position.

The Bearish pennant pattern has formed on the #TSLA M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 311.59; the projection of the flagpole height is equal to 2342 pips. In case the price breaks out the pattern’s bottom of 311.59, the downtrend is expected to continue for further level 311.36.

The Bearish pennant pattern has formed on the #TSLA M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 335.30, a trader will be able to successfully enter the sell position.

The Bearish pennant pattern has formed on the #TSLA M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 335.30, a trader will be able to successfully enter the sell position.

On the chart of the #TSLA M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 357.56, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 594 points.